- Intuit's shares surged 5.6% post-market following strong Q4 guidance and Q3 performance.
- Projected Q4 EPS of $2.63-$2.68 with 17%-18% revenue growth, surpassing forecasts.
- Analysts' average target price signifies a potential upside of 5.60% from the current share price.
Intuit Inc. (INTU, Financial) made headlines as its stock jumped 5.6% in after-hours trading. This surge was fueled by impressive fiscal Q3 results and optimistic guidance for Q4, showcasing the company's robust growth trajectory. Intuit is projecting an adjusted EPS of $2.63-$2.68 for the upcoming quarter, alongside revenue growth of 17%-18%, figures that have surpassed analyst expectations. Notably, strong performance was observed across all segments, including Credit Karma and the Consumer Group.
Wall Street Analysts Forecast
Wall Street remains optimistic about Intuit's future, as indicated by the one-year price targets from 27 analysts. The average target price for Intuit Inc. (INTU, Financial) is pegged at $703.34, with estimates ranging from a high of $785.00 to a low of $530.00. This suggests a potential upside of 5.60% from the current price point of $666.07. Investors seeking more detailed estimate data can refer to the Intuit Inc. (INTU) Forecast page.
The consensus from 32 brokerage firms rates Intuit Inc.'s (INTU, Financial) stock as currently having an "Outperform" status, which is reflected in an average brokerage recommendation score of 2.0. The rating scale runs from 1 to 5, with 1 indicating a Strong Buy and 5 denoting a Sell.
According to GuruFocus estimates, the projected GF Value for Intuit Inc. (INTU, Financial) is $738.66 over the next year, hinting at a promising upside of 10.9% from its present price of $666.07. The GF Value is GuruFocus’ calculation of the stock’s fair trading value and incorporates historical trading multiples, past business growth, and future performance projections. For more comprehensive data, investors can visit the Intuit Inc. (INTU) Summary page.
